Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Cormark Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by Cormark from C$82.00 to C$85.00 in a report issued on Tuesday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 3.56% from the company’s previous close. Cormark also issued estimates for Sun Life Financial’s FY2025 earnings at $7.50 EPS.

Several other analysts have also recently weighed in on SLF. Royal Bank of Canada raised their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. National Bankshares increased their target price on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. CIBC lifted their price target on Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, TD Securities raised their price objective on Sun Life Financial from C$77.00 to C$81.00 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$81.36.

Sun Life Financial Price Performance

Shares of TSE SLF opened at C$82.08 on Tuesday. The stock’s 50-day simple moving average is C$77.10 and its two-hundred day simple moving average is C$71.66. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$82.27. The firm has a market capitalization of C$47.32 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The company had revenue of C$8.92 billion for the quarter, compared to analysts’ expectations of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. As a group, equities analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Activity at Sun Life Financial

In related news, Director Stephanie Coyles purchased 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately C$35,000. In other news, Director Stephanie Coyles purchased 500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately C$35,000. Also, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. 0.03% of the stock is currently owned by company insiders.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.